Article: THWAITES (DANIEL) PLC - Disposal.

 
Daniel Thwaites Plc (the "Company") - The Stafford Hotel 
 
Further to the announcement made by the Company on 31 July 2009 following its 
Annual General Meeting, the Company confirms that on 16 September 2009 it 
completed the sale of The Stafford Hotel Limited ("SHL"), which owns The 
Stafford Hotel, St James's Place, London, to Britannia Hospitality Limited for 
an aggregate transaction value of [pounds sterling]77.5m paid in cash. The consideration is 
inclusive of repayment of all outstanding debt owing by SHL to the Company 
(other than trade indebtedness in the ordinary course) and is subject to 
adjustment pursuant to a net debt and net current asset calculation of SHL as  ...

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